Merced County (Calif.) Employees' Retirement Association committed $10 million to Accel-KKR Credit Partners II.
The $1.2 billion pension fund's board approved the commitment to the direct lending fund at its meeting Thursday, said Kristen Santos, retirement plan administrator, in an email.
The pension fund previously committed up to $8 million to Accel-KKR Growth Capital Partners IV in November.
As of Jan. 31, the pension fund's actual allocation to opportunistic credit was 6.3%; the target is 5%.
